July 22, 2019 Why Do Companies Restate Financial Results? Lenders and investors count on the accuracy of your company’s financial statements, so a restatement may raise a red flag. … Read More
July 15, 2019 Private Companies: Beware Of SEC Scrutiny One day, the SEC may look over your shoulder and ask: How do your private company’s corporate governance practices measure … Read More
July 11, 2019 What Public Companies Need to Know about SOX Compliance In the early 2000s, a series of major corporate scandals destroyed billions of dollars in market capitalization and caused thousands … Read More
July 8, 2019 The Pros & Cons of Interim Reporting Interim financial reports don’t have to be perfect to give stakeholders insight into midyear financial performance. But it’s important to … Read More
July 3, 2019 What To Do If Your Nonprofit Receives An IRS Audit Letter Is your nonprofit prepared to handle an IRS audit letter? For example, do you know the difference between a field … Read More
June 20, 2019 What Non Audit Services Can an Auditor Provide? Most business managers and non-profit directors hire external auditors for specific audit-related needs only. These outside experts review the organization’s … Read More
June 10, 2019 501c6 Associations: Preserve Tax-Exempt Status If your 501(c)(6) association doesn’t know the difference between qualified and nonqualified activities, you could be in trouble. Here’s why. Read More
June 7, 2019 AUP Engagements: Between Audits & Consulting Have you ever heard of an agreed upon procedures (AUP) engagement? This lesser-known attestation service could be a flexible, cost-effective … Read More
June 7, 2019 Measuring Fair Value for Financial Reporting Under GAAP Certain assets and liabilities must be reported at fair value, rather than historic cost. Find out what the term “fair … Read More
May 20, 2019 Close-Up On Three Types of Financial Statements There are three types of financial statements. One is the income statement. Can you name the other two? Click on … Read More
May 15, 2019 Comparing Internal and External Audits Internal and external auditors provide complementary coverage of financial matters that can help you make informed business decisions. What’s the … Read More
May 9, 2019 Lean Manufacturers: Reap the Benefits of Lean Accounting How well are your lean improvement efforts working out? You probably won’t find the answer in your traditional financial statements. … Read More
